Difference in valid-void-voidable-unenforceable contracts


Please assist me with the following two questions:

Question 1. What is the difference between valid, void, voidable and unenforceable contracts?

Question 2. What is the purpose of the Statute of Frauds in modern contract law? Do the areas covered by the statute need the protection afforded them?

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Business Law and Ethics: Difference in valid-void-voidable-unenforceable contracts
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